Required Information The following information applies to the questions displayed below Gabl Gram started The Gram Co, a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations. May 1 G. Gram invested $43,888 cash in the company. 1 The company rented a furnished office and paid $2,388 cash for May's rent 3 The company purchased $4,668 of office equipment on credit. 5 The company paid $728 cash for this month's cleaning services. 8 The company provided consulting services for a client and innediately collected $5,488 cash 12 The company provided $2,988 of consulting services for a client on credit. 15 The company paid $768 cash for an assistant's salary for the first half of this nonth. 28 The company received $2,988 cash payment for the services provided on May 12 22 The company provided $3,188 of consulting services on credit 25 The company received $3,188 cash payment for the services provided on May 22. 26 The company paid $4,668 cash for the office equipment purchased on May 3. 27 The company purchased $88 of advertising in this month's (May) local paper on credit: cash payment is due June 28 The company paid $768 cash for an assistant's salary for the second half of this month 3 The company paid $358 cash for this month's telephone bil1 38 The company paid $258 cash for this month's utilities 31 G. Gram wi thdrew $1,680 cash from the company for personal use 21. Prepare Income statement for May. THE GRAM CO. ncome Statement For Month Ended May 31 Revenue Expenses expenses